June 2025 Filings Reach $1.7B

SLTX recorded $1.69B in June. This represents a 9.5% increase over June 2024, and 16.8% increase year-to-date.  

62.0% of premium reported (32.0% of items) is attributable to renewal policies, 37.2% (38.3% of items) to new business, and 0.8% (29.7% of items) to non-policy transactions. Furthermore, non-policy transactions are predominately Premium Endorsements (22,559 items or 61.9% of the 29.7%) and Cancellations (10,926 items or 30.0% of the 29.7%). 

The largest increase, Excess/Umbrella Liability coverage, rose $44.5M (or 20.1%). Commercial Fire and Allied Lines, Builders’ Risk Property, and Homeowners’ coverages also recorded growth, up $27.0M (4.2%), $23.9M (63.1%), and $18.8M (62.1%) respectively. 78.0% of total premium increases can be attributed to these coverages. 

Overall transactions reflected growth for June in item counts, up 5.6% when compared to June 2024. A 10.6% increase in policies filed (86,240) was recorded with average premium per item ($13,815) up 3.7% from June 2024. Record-keeping transactions (name, number, or insurer change endorsements; reversals; etc.) and cancellations were down 23.3% and up 27.6% respectively. 

Texas surplus lines premiums continue to trend with existing hard-market conditions, including results of changes to diligent effort requirements (TX87 SB1367). SLTX continues to monitor the Texas surplus lines market and share data and analysis as recorded or completed. 

To request any additional related data or analysis, please contact Christian Robinson, Senior Data Analyst (crobinson@sltx.org).